Finally  made two late afternoon trades, the first of which is in Expedia (EXPE) at $25.59, and the other in Frontier Communications (FTR) at $8.80. I also managed to get out of the S&P UltraLong 2x (SSO) at $53.60, after having averaged down five times outside of my original buy-in. At one point, at the market lows, my portfolio was 60% SSO which you can only imagine provided quite a show in volatility. To say the least, I am glad not to be holding that position any longer.

LONG: Expedia (EXPE)

LONG: Frontier Communications (FTR)

 

You Might Like

  • The Anatomy of a Short-Term Bounce

  • January Barometer: As January Goes

  • Losing Trade to Start the New Year

Leave A Comment